Reliance Industries (RIL) was trading 2% higher at Rs 1,133 on the BSE at 12:32 pm ahead of its June quarter (Q1FY19) results today (July 27, 2018) evening. The stock was quoting close to its record high of Rs 1,138 touched on last Friday, July 20, in intra-day trade.

Oil to telecom major RIL is expected to report a steady performance for Q1FY19. This would be on the back of higher petrochemical volumes, expected to partly offset a softening in the refining segment. In the new-age businesses of retailing and telecom (digital services), analysts expect earnings to slow down as compared to the March quarter (Q4FY18). CLICK HERE TO READ FULL REPORT

In past three months, post Q4FY18 results, RIL has outperformed the market by surging 16% as compared to 7% rise in the S&P BSE Sensex.

Emkay Global Financial Services expect GRM to fall quarter on quarter (qoq) to US$10.2/bbl from US$11.0/bbl. Petchem margins overall is expected to remain stable. Upstream segment performance should improve due to higher oil and gas prices and depreciating rupee, partially offset by lower production.
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